Home sales dropped again in October, marking the sixth straight month decline in year-over-year sales for the Charlotte metro area. Sales decreased 9.8 percent for year-over-year figures to 3,617 properties sold in October. Compared to September, sales in October fell 0.7 percent, according to the most recent report of the Charlotte Regional Realtor Association. A… [Read More]
September sales drop more than 15%
For the fifth straight month, Charlotte home sales continued to drop, with September seeing a 15.3 percent decline from sales figures for September 2017. A total of 3,642 properties sold in September compared to 4,302 sold in September 2017. Sales fell more than 19 percent from August’s figures, according to the monthly report from the… [Read More]
Residential sales cool during August heat
Rising home prices and decreased inventory continued to take its toll on the Charlotte residential sales market in August, the third month of year-over-year declines in real estate closings. Sales in the Charlotte MLS market dropped to 4,514 homes sold in August, a 6 percent drop from the same period a year ago. CMLS President… [Read More]
Going, going gone! Homes moving quickly in Charlotte region
What little inventory there is on the market in the Charlotte region is not hanging around for long. Sellers can pretty much name their price, and buyers will move quickly to snatch up homes. With competition hot and selection limited, sellers are upping asking prices. Average list prices in the Charlotte MLS area jumped 2… [Read More]
Low inventory bolsters June seller’s market
Charlotte’s low inventory of homes for sale continued to drive rising residential list prices, while year-over-year sales numbers show a decline in June. Median list prices rose to $248,045, an increase of 2.8 percent over June 2017, while on average sales prices rose 5.7 percent to $302,177 across the Charlotte MLS region. Sellers also are… [Read More]
Real Estate Trends May 2018
Charlotte Metro region year-over-year home sales in May decreased 4.2 percent, with 4,538 properties sold compared to 4,737 properties sold in May 2017. However, total home sales activity year-to-date (January through May 2018) is only down 0.9 percent compared to the same period in 2017 (18,397 home sales vs 18,569 home sales). Home sales increased… [Read More]